2601 Jackson Ave, Memphis, TN 38108
- $80,000
- 2
- BD
- 1
- BA
- List Price
- $80,000
- Status
- ACTIVE
- MLS#
- 10207427
- Bedrooms
- 2
- Bathrooms
- 1
- Lot Size
- 75X169
Property Description
Welcome to this prime investment opportunity located on an expansive one-third acre+ corner lot. The property currently features a two-bedroom, one-bath bungalow that offers the option to either fully renovate and restore or to redevelop the site entirely. Zoning variance and initial plan approvals are already in place for the construction of a four-plex multifamily residential building. The approved concept includes four units, each approximately 1,000 square feet, with three bedrooms and two baths per unit. The next phase of development will include a property survey and full architectural plans, after which pricing will be adjusted to reflect progress and value added to the project. Secure your equity now by purchasing at this early stage and complete the build yourself to maximize returns. With utilities already accessible on site, city approvals made, and a MFR complex proposed for the neighboring lot, this property is positioned perfectly for a cash flowing development.
Additional Information
- Acres
- 0.32
- Annual City Tax
- 262
- Annual County Tax
- 278
- Cooling
- No Cooling
- Exterior
- Porch
- Exterior Windows
- Wood Window(s)
- Fireplaces
- 1
- Floors Ceilings
- Hardwood Throughout
- Heating
- Wall Unit
- Legal Subdivision
- Cleaves
- Living Dining Kitchen
- Separate Living Room
- Lot
- 1
- Lot Description
- Some Trees, Level
- Lot Size
- 75X169
- Neighborhood Amenities
- None
- Parking Storage
- Driveway/Pad
- Stories
- 1
- Style
- Bungalow
- Subdivision
- CLEAVES
- Subtype
- Detached Single Family
- Year Built
- 1922
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Listing courtesy of eXp Realty, LLC.
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